Kazakhmys Group has acquired 100 percent of shares of Ulytau Nan LLC in framework of implementation of the business social responsibility state program. This modern bakery plant was commissioned in Zhezkazgan last year.
The company management made a resolution on salary increase to every single employee with effect from July.
Kazakhmys Group as Producer and Guarantor, and Advaita Trade DMCC (hereinafter referred to as Advaita) as the Borrower and Off-taker, signed an Agreement with an international alliance comprised of Credit Suisse AG and Societe Generale, raising prepayment-type financing in the amount of USD 225M at the rate of 1-month LIBOR + 255 bps. Parties of the Agreement can further extend the amount of financing up to USD 500M.
Trilateral Memorandum for development of Business Social Accountability has been signed by executives of Kazakhmys Holding LLC, Ministry of Labor and Social Protection of the Republic of Kazakhstan and Akimat (City Government) of Karaganda Region.
Trilateral Memorandum on the long-term cooperation was signed by the Executives of Kazakhmys Corporation, Yonsei University Severance Hospital and International Medcial Fund Severance-KZ.
As the result of the significant business meeting on “Extending international cooperation in science and innovation” held in Astana, Kazakhmys Corporation LLC delegations visited their foreign partners in Moscow, Yekaterinburgh (Russia) and Daejeon (South Korea).
Zhezkazgan Smelter, Kazakhmys Smelting LLC (a part of Kazakhmys Holding LLC) has resumed, under the production modernisation programme, simultaneous operation of two Ore Thermal Furnaces (OTF).